Clearview AI names Hal Lambert and Richard Schwartz as co-CEOs
Feb 19 (Reuters) - Facial recognition company Clearview AI said on Wednesday it has appointed Hal Lambert and Richard Schwartz as co-CEOs, replacing Hoan Ton-That.
Hoan Ton-That will remain a board member, he said in a separate statement.
"I'm leaving on a high note, with Clearview AI in its strongest position ever. In 2024, we achieved the greatest growth and highest revenues since our founding," Ton-That said.
Clearview AI serves U.S. law enforcement agencies by providing a facial recognition search engine, sourced from the public internet, including from news media, mugshot websites, public social media, and other open websites.
Last year, Clearview AI was fined 30.5 million euros ($31.82 million) for building what Dutch data protection watchdog DPA said was an illegal database. Clearview has disputed the decision as unlawful.
($1 = 0.9586 euros)
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What proportion of the tariffs will companies "swallow", and how much will they pass on to their customers? Zooming out, inflation appears to be cooling around the world, although this trend is expected to reverse once tariffs start to fuel higher goods price inflation. Figures on Wednesday showed that U.S. consumer inflation and Japanese wholesale inflation were lower than expected in May. These reports follow similar numbers from Europe recently, and China remains stuck in its battle against deflation. Next up is India, which releases consumer inflation figures on Thursday, which are expected to show annual inflation slowed to 3.0% in May, the lowest in more than six years. Another focus for investors on Thursday will be the auction of 30-year U.S. Treasury bonds. US stocks-bonds warnings flash amber again Calm has descended on U.S. markets following the 'Liberation Day' tariff turmoil of early April. 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China puts six-month limit on its ease of rare-earth export licenses, WSJ reports
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